Punjab Newspaper

economy

Building on its innovative initiative of Nanhi Chhaan, addressing the two vital issues of promoting the girl child and environment conservation, CII took another step forward in this direction when its women employees planted saplings in the premises of Northern Region Headquarters to mark the observance of International Women’s Day.
Detailing on the initiative, Ms [...]

The Railway Budget should have been used to reduce freight rates across the board to stimulate the economy which has just begun to recover after the global financial meltdown, according to Mr. Ashok Kajaria, President, PHD Chamber.
An increase in the freight rate was not announced in the last budget also but the same was revised [...]

The problems of the agriculture sector, which has been reeling under neglect for far too long, should be addressed on a priority basis in the forthcoming Budget in order to achieve 8% growth in the next fiscal and tackle the problem of rising food inflation. These views were articulated by all the speakers who participated [...]

Infrastructure, inclusive growth, good governance, agriculture, fiscal discipline, financial sector reforms are some of the suggestions put forward by PHD Chamber of Commerce for the first hundred days of UPA government to revive the economic environment . “Roadblocks in infrastructure development need to be cleared to rekindle momentum of growth”, said Mr. R V Kanoria, [...]

Punjabi University’s Department of Sociology and Social Anthropology organised a lecture on the “Current Global Crisis” by Dr Pritam Singh, Director, Postgraduate Programme in International Management and International Relations at Oxford Brookes University, U.K.

Dubbing the current economic crisis as a crisis of global capitalism, he linked it with capitalist production system and the rampant use [...]

Finance, infrastructure and manpower apart from regulation and governance required to foster entrepreneurial growth and ecosystem. PHD Chamber in association with TiE (The Indus Entrepreneurs) Punjab & Chandigarh organized an Interactive Session on “Fostering Entrepreneurship” at PHD House, Sector 31, Chandigarh.

While assessing the prevailing entrepreneurial ecosystem in the region and providing his inputs to foster [...]

The Centre has allocated Rs. 300.35 crore under the plan Budget and Rs. 1849 crores for the non Plan Budget for year 2009-10, revealed the Spokesperson of the Administration.

The spokesperson further said that the Plan budgetary allocations are primarily aiming at three major areas including Human Development, Infrastructure and Environment. The allocation under these three [...]

Despite producing of 22 per cent wheat , 12 per cent rice and 13 per cent cotton of the country’s total , the Punjab agriculture is in serious crisis that have pushed 90 per cent farm households under debt, mounting to whooping Rs 26,000 crore said Punjab Agriculture University (PAU) Vice Chancellor MS Kang. [...]

Surya Pharmaceutical Limited plans to set up more than 500 healthcare & Pharma retail stores under the brand name Viva in the next three years. It would set up 100 stores in Delhi and the NCR by March 2010 and follow this up by more stores in North India and other parts of the country. [...]

“The biggest challenge in front of all the policy makers was food security. Food is vital for India’s prosperity and the state Punjab being the harbinger of green revolution has an important role to play in it. Export Inspection and Accreditation has facilitated acceptability of Produce of Indian origin in foreign markets. This along with [...]

Harpal Singh, newly elected Chairman of the CII Northern Region informed that CII Northern region’s theme for 2009-10, “Building North for Tomorrow”, would adopt a three pronged strategy including Response to the challenging times, Building for tomorrow and Focus [...]

PHD Chamber has called for reducing the limit for availing 100% CENVAT credit taken on common inputs used for dutiable and exempted products and taxable services from the present 10% to 5%. Also, the payment of 8% of value of exempted services required to be made under the CENVAT Credit Rules should be brought [...]

To realize its ambition of a world free of malnutrition and hunger, IIMSAM joined hands with Hash Biotech Labs Private Limited from the Republic of India. Hash Biotech Labs Private Limited which has been declared as an Official Working Partner and Technology Facilitator by the IIMSAM, shall help the organization carry and secure its mandate [...]

Hydroelectricity, agri-business, engineering, education, textiles and research as areas for bilateral trade between India and Canada, according to a CII Session on Navigating Globalisation: Canadian Experience” organized by CII at Chandigarh. “Canada and India are natural business partners as both share more complementarities and less competition”, according to Kevin Lynch, Clerk of the [...]

Chandigarh administration awarded entrepreneurs at a function organized at the UT Guest House. M/s Essen Deinki won the first prize, while M/s Chandigarh Flour Mills Pvt. Ltd. bagged the second prize. M/s Azad Offset Printers (P) Ltd. received the third prize. The consolation prize winners were M/s Engraavepro and M/s Adharshila Potteries. The winners of [...]

Punjab Chief Minister Parkash Singh Badal has sought diesel at 25 per cent reduced rates compared to the market price. He sought this concession from the Indian Prime Minister Dr Manmohan Singh in a letter written to the PM today. The Punjab Chief Minister also asked the Union Government to announce a one time waiver [...]

Punjab wheat procurement is likely to touch 115 lakh MTs this year. This will be 10 lakh MTs greater than last year. This was revealed during a meeting held by Punjab Chief Minister Mr.Parkash Singh Badal to review the arrangements of wheat procurement in Punjab during the Rabi Marketing Season (RMS)- 2009.

According to food and [...]

An amount of 120 million has been sanctioned by the Government of India to help create Chandigarh as a destination city. A scheme has been initiated by the Chandigarh Home Secretary- cum –Secretary Tourism, “Development of Chandigarh as a Tourism Destination” in this regard.

The scheme envisages upgradation and beutification of the existing tourist spots [...]

The Principal Secretary, power and irrigation, Punjab government, Suresh Kumar conceded that the power situation in the state “will continue to be the same till the projects underway are completed”. He stated this while addressing a session organized by the PHD Chamber at Chandigarh.

Suresh Kumar added that the state government will do the summer scheduling [...]

The PHD Chamber today welcome the move of the government to reduce the excise duty and service tax by 2 per cent. In a reaction to the move by the government to help the industry tide over the financial crisis, the Chamber said the move would help generate greater demand and assist the industry in [...]

India Travel Mart (ITM), India’s Prominent International Travel & Tourism Exhibition concluded today at Hotel Shivalik View, Sector 17, Chandigarh. UT Home Secretary-cum-Tourism Secretary, Mr. Ram Niwas was the chief guest at the closing ceremony, acccording to Punjab Newspaper (www.punjabnewspaper.com).

Chandigarh Tourism and CITCO hosted the mega event with Malaysia as the Partner Country, Singapore Tourism [...]

The State Governments of Andhra Pradesh, Punjab, Maharashtra, Kerala, Uttarakhand, Goa have written to the Prime Minister / Finance Minister of India for inter-alia, provision of additional funds and for the relaxation of borrowing ceilings fixed for 2008-09 under the FRBM Act to tide over the impact of slowdown emerging in the various industrial sectors. [...]

A mega food park will be established in Punjab by the Ministry of Food Processing. In the 11th Five Year Plan, the Ministry has launched the Scheme of Mega Food Park, which is expected to have an average project cost of about Rs.150 crore. Out of this, upto Rs.50 crores would be funded as a [...]

There is an urgent need to move out of the complance associated with the green revolution and develop answers to current challenges of Indian agriculture. This was stated by experts at the National Seminar organized by Department of Geography, Panjab University on “Emerging Challenges for Agriculture in India with Special Reference to North-Western Region” concluded [...]

The PHD Chamber today sought the status of Most Favoured Nation for India at an interactive session “Doing Business with Illinois” organized by PHD Chamber today. “If India could be conferred Most Favoured Nation status, trade with not only Illinois but USA shall escalate to new heights in the times to come. Illinois should not [...]